Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4038 Expressway 83 Weslaco, TX 78599
    Back to Search
    Property profile & analytics

    4038 Expressway 83, Weslaco, TX 78599

    View on Map
    • Warehouses
    • 5,010 SF
    • 1.18 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Untamed Diesel Performance / Auto Repair Shop
    • Explizit Motorsports LLC / Auto Repair Shop
    • E & J Auto Glass / Hardware & Home Improvement / Home Decor Store

    Property Details for 4038 Expressway 83

    Year built
    1980
    Lot size
    1.18 lot acres
    Property type
    Warehouses
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional investment opportunity presents a fully fenced 1.18-acre commercial property ideally situated on Expressway 83 (I-2) in Weslaco, Texas. Boasting excellent visibility and convenient access, this site is perfectly positioned for a diverse range of business ventures. The property includes a substantial 5,010 square foot warehouse currently generating lease income, complemented by two separate office spaces. Built in 1980, the property offers significant potential for redevelopment or expansion. Its prime location on Expressway 83 ensures high traffic volume and strong brand visibility, making it an attractive proposition for businesses seeking a prominent presence in a thriving area. The expansive lot size provides ample space for future development, accommodating various business types, including office spaces, retail establishments, or automotive services. This turnkey investment offers immediate income generation from the existing lease and substantial long-term growth potential. The asking price is $980,000. The property is located at 4038 E Expressway 83, Weslaco, TX 78599, within Hidalgo County. Don't miss this chance to acquire a high-value commercial property in a rapidly growing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9503
    Latitude
    26.1565

    Comparable in this City

    • Value Estimation by Request
      40,500 SF

      2708 Mid Vly Dr

      Distribution properties
      2708 Mid Vly Dr, Weslaco, TX 78599
      View Details
    • Value Estimation by Request

      5259 Mile 4

      Retail properties & Spaces
      5259 Mile 4, Weslaco, TX 78599
      View Details
    • Value Estimation by Request

      4021 Mile 4 1/2

      Retail properties & Spaces
      4021 Mile 4 1/2, Weslaco, TX 78599
      View Details
    • Value Estimation by Request
      1,800 SF

      4498 International Blvd

      Restaurants
      4498 International Blvd, Weslaco, TX 78599
      View Details
    • Value Estimation by Request
      4.78 Acres

      Economic Ave

      Land
      0 Economic Ave, Weslaco, TX 78599
      View Details
    • Value Estimation by Request
      1,792 SF

      301 Steve Dr

      WAREHOUSE, STORAGE
      301 Steve Dr, Weslaco, TX 78599-4437
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Weslaco Logistics and Cold Storage

      Purpose-built logistics and cold storage facility in Weslaco, Texas.
      2300 Vo Tech Dr, Weslaco, TX 78599
      View Details
    • Contact for pricing
      3,280 SF

      Versatile Commercial Property For Sale

      40x60 building suitable for automotive, retail, warehouse, or office.
      2609 Mid Vly Dr, Weslaco, TX 78599
      View Details
    • $750,000
      7,738 SF

      Restaurant Building in High Traffic Area

      Large restaurant with indoor and outdoor dining in Weslaco.
      2708 N Texas Blvd, Weslaco, TX 78599
      View Details
    • $375,000
      12.56 Acres

      Expansive Land in Weslaco, TX

      12.5-acre lot ideal for estate, ranch, or development.
      Mile 13, Weslaco, TX 78599
      View Details
    • $175,000
      Pending

      Weslaco Land with Utilities

      5-acre lot with utilities ready for development in Weslaco, TX.
      1019 Mile 14 1/2 N, Weslaco, TX 78599
      View Details
    • $2,500,000
      994,474 SF

      Land Available for Development

      Land available for development with engineering in early phases.
      1015 East Mile 11 North, Weslaco, TX 78599
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Weslaco Logistics and Cold Storage

      Purpose-built logistics and cold storage facility in Weslaco, Texas.
      2300 Vo Tech Dr, Weslaco, TX 78599
      View Details
    • Contact for pricing

      New Retail Unit For Lease

      New retail space available in a fast-growing commercial area.
      4498 N International Blvd, Weslaco, TX 78599
      View Details
    • $1,200 /Mo
      900 SF

      Versatile Commercial Space in Weslaco

      Commercial space for lease suitable for office, retail, or medical.
      3002 E Mile 11 N, Weslaco, TX 78599
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4038 Expressway 83
    Weslaco, TX 78599
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4038 Expressway 83, Weslaco, TX, 78599
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!